thisismatt

Approach the 1H OBV line??? Time to Change!

thisismatt Updated   
BITFINEX:LTCBTC   Litecoin / Bitcoin
Hello everyone this is my idea on Changing from LTCUSD to BTCUSD and vice versa that has been very profitable in this short term downtrend. In full disclosure I will personally probably not be trading this idea because there is a risk with it. The reason I say this is because if this OBV line breaks upward, LTCUSD is gonna run hard against BTCUSD and if you look at my other idea: you will see why I am not interested in taking the risk.

But for now it is quite profitable and it has clearly worked the last few times it has happened.

The basic idea is that as the OBV approaches my line, it is time to change your LTCUSD to BTCUSD, as it gets a large gap then it is time to change your BTCUSD back to LTCUSD. Pretty simple and highly profitable. As of right now, the trend says to change back to LTCUSD!

Best of luck traders!
Trade active:
I'd set a stop at .01865 to change to BTC here. There is some indecision and it's very possible it could continue up here which would end this trend.
Trade closed: target reached:
I am going to close this one. This trade was very successful. The line is starting to get worn out however.

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